Pick of the Day: Detroit, the New Greece – by Paul Krugman, NYTimes.com

Paul Krugman. Photo by Fred R. Conrad/The New York Times

Paul Krugman. Photo by Fred R. Conrad/The New York Times

“So by all means let’s have a serious discussion about how cities can best manage the transition when their traditional sources of competitive advantage go away. And let’s also have a serious discussion about our obligations, as a nation, to those of our fellow citizens who have the bad luck of finding themselves living and working in the wrong place at the wrong time — because, as I said, decline happens, and some regional economies will end up shrinking, perhaps drastically, no matter what we do.”

Read the full article by Paul Krugman here:  Detroit, the New Greece – NYTimes.com.

About Ares

Ares Kalandides holds a PhD in Urban and Regional Studies from the National Technical University of Athens. He is the founder and CEO of Inpolis, an international consultancy based in Berlin, Germany and has implement several projects around the world. Ares teaches Urban Economics at the Technical University in Berlin and Metropolitan Studies at NYU Berlin.
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